Van Lanschot Kempen Investment Management N.V. Raises Holdings in Tronox Holdings PLC $TROX

by · The Markets Daily

Van Lanschot Kempen Investment Management N.V. grew its position in shares of Tronox Holdings PLC (NYSE:TROX – Free Report) by 123.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,347,134 shares of the company’s stock after buying an additional 2,398,038 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in Tronox were worth $18,128,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC purchased a new position in shares of Tronox during the 2nd quarter valued at $38,000. PNC Financial Services Group Inc. lifted its position in shares of Tronox by 292.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock valued at $36,000 after buying an additional 6,493 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Tronox during the 3rd quarter valued at $37,000. Westview Management dba Westview Investment Advisors purchased a new position in shares of Tronox during the 4th quarter valued at $42,000. Finally, Pacific Sage Partners LLC purchased a new position in shares of Tronox during the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on TROX. Deutsche Bank Aktiengesellschaft set a $10.00 price target on Tronox in a research report on Wednesday, May 20th. Truist Financial raised Tronox from a “sell” rating to a “hold” rating and set a $7.00 price objective on the stock in a report on Thursday. Weiss Ratings cut Tronox from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 11th. BMO Capital Markets reissued a “market perform” rating on shares of Tronox in a report on Friday, February 20th. Finally, Mizuho increased their price objective on Tronox from $4.50 to $5.00 and gave the stock an “underperform” rating in a report on Monday, March 23rd. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Tronox presently has an average rating of “Reduce” and a consensus price target of $6.63.

Read Our Latest Stock Report on Tronox

Tronox Stock Performance

Shares of TROX opened at $8.04 on Friday. The stock’s 50-day simple moving average is $8.70 and its 200 day simple moving average is $7.01. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -2.75 and a beta of 0.76. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.66 and a current ratio of 2.42. Tronox Holdings PLC has a 52-week low of $2.86 and a 52-week high of $10.59.

Tronox (NYSE:TROX – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.07). The company had revenue of $760.00 million for the quarter, compared to analysts’ expectations of $751.38 million. Tronox had a negative return on equity of 19.93% and a negative net margin of 15.82%.The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the company posted ($0.15) EPS. Research analysts forecast that Tronox Holdings PLC will post -1.17 EPS for the current fiscal year.

Tronox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, May 11th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, May 11th. Tronox’s dividend payout ratio is currently -6.85%.

Tronox Profile

(Free Report)

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.

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